After a benign June inflation report, investors bet the Federal Reserve will cut rate for September
Oil prices slipped as worries about the demand outlook weighed broadly on commodities, while Asian equities and European stock futures eased in an otherwise quiet session ahead of key central bank decisions in the US, Japan and Britain.
Oil prices were at a seven-week low, with demand-related worries for now eclipsing concern that war in Gaza is at risk of spreading into Lebanon as tensions rise between Israel and the Iranian-backed Lebanese movement Hezbollah. In Europe, results at BP and Rio Tinto, Airbus and consumer-focused firms such as L'Oreal could give a steer as to economic conditions along the supply chain.
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